Kids Storage Furniture Market Overview
Kids Storage Furniture Market Size was estimated at 20.27 (USD Billion) in 2022.The Kids Storage FurnitureIndustry is expected to grow from 21.4(USD Billion) in 2023 to 35.0 (USD Billion) by 2032. The Kids Storage Furniture Market CAGR (growth rate) is expected to be around 5.62% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Kids Storage Furniture Market Trends Highlighted
The global kids' storage furniture market exhibits dynamic growth, driven by rising birth rates, increased urbanization, and growing disposable incomes. Parents are increasingly prioritizing functional and stylish storage solutions to create organized and visually appealing spaces for their children.
Key market drivers include the growing demand for space-saving and multi-purpose furniture, the increasing popularity of gender-neutral designs, and the rise of eco-friendly and sustainable materials. Opportunities for exploration and capture lie in the integration of technology into storage solutions, the development of modular and customizable furniture, and the expansion of the market in developing countries.
Recent trends in the kids' storage furniture market include the use of vibrant and playful colors, the incorporation of interactive elements, and the emphasis on durability and safety. As parents become more aware of the importance of child development, they are opting for storage solutions that promote organization, creativity, and independence.
Kids Storage Furniture Market Drivers
Growing Number of Nuclear Families
One of the major drivers of the market of kids storage furniture is the increasing number of nuclear families worldwide. A nuclear family is defined as a social unit composed of one or two parents and their children – all the members of the family live either in one house or in the same community. Most of the comparative nuclear families include two working parents. These families have a high demand for storage furniture as they try to keep their living environment neat and clean.Thus, kids storage furniture serves as a neat and stylish way to safely store toys, clothes, books, and other items. Moreover, it helps children to learn how to put their things in order and develop good habits. In view of the above-mentioned evidence, the increasing number of nuclear families should drive the world market of kids storage furniture in the future.
Increasing Disposable Income
Another major driver of the Kids Storage Furniture Market is the increasing disposable income of families. As families have more money to spend, they are more likely to invest in high-quality furniture for their offspring. While kids storage furniture used to be seen as a luxury item, it is becoming more and more affordable for families of all income levels. It is this increasing disposable income of families that is expected to keep driving the demand for kids storage furniture in the future.
Rising Popularity of Online Shopping
The general growth in the popularity of online shopping is another factor that sustains the growth of the Kids Storage Furniture Market. Both convenient and inexpensive, online shopping remains one of the most efficient ways to arrange for the delivery of furniture for children to a family’s doorstep. It is likely that people will continue using online stores as they look for kids storage furniture in the future.
Kids Storage Furniture Market Segment Insights
Kids Storage Furniture Market Product Type Insights
The Kids Storage Furniture Market is segmented by product type into cabinets, bookshelves, toy organizers, dressers, chests, and storage benches. Among these, cabinets hold the largest market share due to their versatility and functionality. They provide ample storage space for a variety of items, including toys, clothes, books, and other belongings. Bookshelves are another popular product type, offering dedicated storage for books and other reading materials. Toy organizers are specifically designed to keep toys tidy and organized, making them a valuable addition to playrooms and children's bedrooms.Dressers provide a combination of storage and organization, featuring drawers for clothing and other items. Chests offer a more traditional storage solution, while storage benches combine seating and storage functionality. The Kids Storage Furniture Market is expected to grow significantly in the coming years, driven by rising disposable income, increasing urbanization, and growing awareness of the importance of organization and tidiness in children's spaces.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Kids Storage Furniture Market Material Insights
The Kids Storage Furniture Market is segmented based on material into wood, metal, plastic, fabric, and recycled materials. Among these, the wood segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The popularity of wood in kids storage furniture can be attributed to its durability, aesthetic appeal, and ability to blend with various home décor styles. The metal segment is also gaining traction due to its strength, durability, and ability to withstand heavy loads. Plastic is another commonly used material, offering affordability, versatility, and easy maintenance.Fabric is preferred for its softness, comfort, and portability. Recycled materials are becoming increasingly popular as consumers become more environmentally conscious. The growing demand for sustainable and eco-friendly products is driving the growth of the recycled materials segment in the kids storage furniture market.
Kids Storage Furniture Market Style Insights
The Style segment of the Kids Storage Furniture Market is categorized into Modern, Traditional, Scandinavian, Bohemian, and Themed. The Modern style dominates the market with a significant share due to its sleek and contemporary designs that align with current trends. Traditional style holds a notable position, appealing to consumers seeking classic and timeless aesthetics. Scandinavian style, known for its simplicity and functionality, is gaining popularity among eco-conscious buyers. Bohemian style, with its eclectic and colorful designs, caters to those seeking unique and artistic storage solutions.Themed style, featuring designs inspired by popular characters or themes, resonates well with children and their parents. The Kids Storage Furniture Market revenue is projected to reach USD 24.5 billion in 2024, exhibiting a steady growth rate. Segmentation insights are crucial for market players to tailor their products and strategies to meet the evolving preferences and demands of consumers.
Kids Storage Furniture Market Age Group Insights
The Kids Storage Furniture Market segmentation by Age Group, namely Toddlers (0-3 years), Preschoolers (3-5 years), School-age Children (6-12 years), and Teenagers (13-18 years) reveals valuable insights for manufacturers and marketers. Toddlers, with their limited mobility and growing curiosity, require safe and accessible storage solutions. The market for storage furniture designed for toddlers is expected to continue its steady growth, driven by the increasing demand for child-friendly and functional furniture. Preschoolers, characterized by their active imaginations and developing independence, prefer storage furniture that encourages imaginative play and organization.This segment is anticipated to witness significant growth due to the rising popularity of interactive and educational furniture solutions. School-age Children, with their expanding storage needs and a growing sense of style, drive demand for versatile and durable storage furniture. This segment is expected to experience steady growth as parents seek practical and stylish solutions for their children's bedrooms and play areas. Teenagers, known for their evolving tastes and preferences, present a unique opportunity for storage furniture manufacturers.This segment is expected to witness moderate growth as teenagers seek furniture that reflects their individuality and meets their functional needs.
Kids Storage Furniture Market Price Range Insights
The Kids Storage Furniture Market is segmented into budget-friendly (under $100), mid-range ($100-$300), and premium ($300 and above) based on price range. The budget-friendly segment held the largest market share in 2023, accounting for over 45% of the Kids Storage Furniture Market revenue. The mid-range segment is expected to witness significant growth over the forecast period, owing to the increasing demand for affordable and stylish storage solutions. The premium segment is expected to hold a significant market share, driven by the growing preference for high-quality and durable furniture among consumers.With the rising disposable income and increasing awareness about the importance of organization, the Kids Storage Furniture Market is poised for robust growth in the coming years.
Kids Storage Furniture Market Regional Insights
The Kids Storage Furniture Market segmented by region is expected to be dominated by North America and Europe in 2023. North America is estimated to account for a significant share of the Kids Storage Furniture Market revenue in 2023 and is projected to continue its dominance throughout the forecast period. The growth in this region can be attributed to factors such as rising disposable income, increasing awareness about child safety, and a growing number of nuclear families. Europe is another major region in the Kids Storage Furniture Market and is expected to witness steady growth over the forecast period.The presence of a large number of manufacturers and a strong distribution network in the region contributes to its growth. The Asia Pacific region is expected to be the fastest-growing region in the Kids Storage Furniture Market, driven by factors such as rapid urbanization, rising income levels, and a growing population of children.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Kids Storage Furniture Market Key Players And Competitive Insights
Key players in the Kids Storage Furniture Market industry are constantly working on creating new products that fit exactly what the customers need. At the same time, companies are investing massive money into decent furniture production, while the internet shopping changes the Kids Storage Furniture Market development. Major drivers of the competitive landscape in the Kids Storage Furniture Market Industry are the growth of demand for space-saving furniture items, as well as increased interest in online shopping. At the same time, the Kids Storage Furniture Market Competitive Landscape is competitive enough, given a vast number of big players on the market.Ikea is among the leading companies in the Kids Storage Furniture Industry. Throughout the years of presence, the company has created a wide range of storage solutions for kids, including dressers, chests, and toy organizers, which are pretty much affordable. Therefore, the products of the company are functional, which is the first and the most important criterion for kids.Sauder is another leader in the Kids Storage Furniture Market Industry. Having a decent presence in the United States and Canada, the company has also created a number of storage solutions for kids that can fit what many families will find good for their kids. At the same time, the products of the company are made of decent materials and look stylish. Like all the other companies, Sauder is constantly working on creating more innovative products for kids.
Key Companies in the Kids Storage Furniture Market Include
- Prepac Manufacturing
- Step2
- Dorel Industries
- South Shore Furniture
- Sauder Woodworking Company
- Discovery World Furniture
- Little Tikes
- Humble Crew
- Kidkraft
- ClosetMaid
- Manhattan Toy
- VersaLounger
- Whalen Furniture Manufacturing
- StorageWorks
- IKEA
Kids Storage Furniture Market Industry Developments
The Kids Storage Furniture Market is projected to reach a valuation of USD 21.4 billion by 2023 and further expand to USD 35.0 billion by 2032 at a CAGR of 5.62%. Recent news developments indicate a growing demand for functional and aesthetically pleasing storage solutions for children's rooms. For instance, IKEA's recent launch of the TROFAST storage series emphasizes modularity and customization to cater to evolving storage needs. Furthermore, the growing popularity of online retail is expected to drive market growth as it offers convenience and a wider product selection to consumers.
Kids Storage Furniture Market Segmentation Insights
- Kids Storage Furniture Market Product Type Outlook
- Cabinets
- Bookshelves
- Toy Organizers
- Dressers
- Chests
- Storage Benches
- Kids Storage Furniture Market Material Outlook
- Wood
- Metal
- Plastic
- Fabric
- Recycled Materials
- Kids Storage Furniture Market Style Outlook
- Modern
- Traditional
- Scandinavian
- Bohemian
- Themed
- Kids Storage Furniture Market Age Group Outlook
- Toddlers (0-3 years)
- Preschoolers (3-5 years)
- School-age Children (6-12 years)
- Teenagers (13-18 years)
- Kids Storage Furniture Market Price Range Outlook
- Budget-friendly (Under $100)
- Mid-range ($100-$300)
- Premium ($300 and above)
| Report Attribute/Metric |
Details |
| Market Size 2022 |
20.27(USD Billion) |
| Market Size 2023 |
21.4(USD Billion) |
| Market Size 2032 |
35.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.62% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Prepac Manufacturing, Step2, Dorel Industries, South Shore Furniture, Sauder Woodworking Company, Discovery World Furniture, Little Tikes, Humble Crew, Kidkraft, ClosetMaid, Manhattan Toy, VersaLounger, Whalen Furniture Manufacturing, StorageWorks, IKEA |
| Segments Covered |
Product Type, Material, Style, Age Group, Price Range, Regional |
| Key Market Opportunities |
1 Growing demand for functional and aesthetic storage solutions2 Increasing disposable income of parents3 Rising urbanization and space constraints4 Growing popularity of online shopping5 Introduction of innovative and eco-friendly products |
| Key Market Dynamics |
Growing emphasis on child-friendly and sustainable designs Increasing demand for space-saving and multifunctional solutions Growing popularity of online and omnichannel shopping channels Rising consumer awareness about the importance of child safety and organization |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Kids Storage Furniture Market is expected to reach a valuation of USD 21.4 billion in 2023 and is projected to grow at a CAGR of 5.62% from 2023 to 2032, reaching a value of USD 35.0 billion by 2032.
North America and Europe are the dominant markets for kids storage furniture, followed by Asia Pacific and the Rest of the World. Emerging economies in Asia Pacific, such as China and India, are expected to drive growth in the coming years.
Kids storage furniture is used in various applications, including bedrooms, playrooms, and living rooms. It is designed to store toys, books, clothes, and other belongings, helping to keep children's spaces organized and clutter-free.
Major players in the Kids Storage Furniture Market include IKEA, The Home Depot, Lowe's, Walmart, Target, and Wayfair. These companies offer a wide range of kids storage furniture products, including dressers, chests, toy organizers, and bookcases.
The growing demand for functional and stylish storage solutions for children's spaces is a primary driver of the Kids Storage Furniture Market. Additionally, the increasing number of working parents and the rising disposable income levels in emerging economies are contributing to the market growth.
The Kids Storage Furniture Market faces challenges such as intense competition, fluctuating raw material prices, and changing consumer preferences. Additionally, safety regulations and sustainability concerns can impact the market's growth.
Opportunities for growth in the Kids Storage Furniture Market include the expansion into emerging markets, the development of innovative and eco-friendly products, and the adoption of e-commerce channels for distribution.
The pricing of Kids Storage Furniture is influenced by factors such as the type of material used, the size and design of the furniture, the brand reputation, and the distribution channel.
The outlook for the Kids Storage Furniture Market is positive, with steady growth projected over the next decade. Rising urbanization, increasing disposable income levels, and the growing awareness of home organization are expected to drive market demand.
Key strategies adopted by players in the Kids Storage Furniture Market include product innovation, strategic partnerships, and expansion into new markets. Companies are also focusing on sustainability initiatives and online distribution channels to cater to evolving consumer preferences.
